Share price of Crompton Greaves falls as Sensex drops 353.07 points

Share price of Crompton Greaves Consumer Electricals Ltd. dropped 0.83 per cent to Rs 284.15 at 12:33PM (IST) in Monday’s trade. The counter hit a high of Rs 288.6 and low of Rs 283.15 so far during the session. The stock had closed at Rs 286.55 in the previous session.

The counter had a total traded volume of 12:33PM shares so far with a turnover of Rs 5.21 crore on BSE. The stock traded at a price-to-earnings multiple of 42.12 and a price-to-book ratio of 7.01.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Crompton Greaves Consumer Electricals Ltd. belongs to the Electronics/Electricals industry.

Promotor/FII Holding
Promoters held 2.54 per cent stake in the company as of 31-Dec-2023, while FIIs and domestic institutional investors ownership stood at 35.58 per cent and 47.45 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 1797.15 crore for the quarter ended 30-Sep-2023, down 5.25 per cent from the previous quarter’s Rs 1896.65 crore and down 4.62 per cent from the year-ago quarter’s Rs 1717.8 crore.

Its profit for the latest quarter stood at Rs 97.22 crore, down 22.71 per cent from the same quarter a year ago.

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